Data Update 1 for 2021: A (Data) Look Back at a Most Forgettable Year (2020)!
Musings on Markets
JANUARY 9, 2021
To illustrate, consider a practice in valuation, where analysts are trained to add a small cap premium to discount rates for smaller companies, on the intuition that they are riskier than larger companies. It is true that the Turkish company will face more risk because of its location, but that is an issue separate from currency.
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